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The Wall Street Crash of 1929, 1929 Great Crash, or the Great Crash, was the most devastating stock market crash in the history of the United States, taking into consideration the full extent and longevity of its fallout.In the days leading up to Black Tuesday, the market was severely unstable. After the crash, the Dow Jones Industrial Average (DJIA) recovered early in 1930, only to reverse again, reaching a low point of the great bear market in 1932." The euphoria and financial gains of the great bull market were shattered on Black Thursday, when share prices on the NYSE collapsed. Periods of selling and high volumes of trading were interspersed with brief periods of rising prices and recovery. Stock prices fell on that day and they continued to fall, at an unprecedented rate for a full month. The Economist writes, "Briefly, the Depression did not start with the stockmarket crash". In 1929, the Economist wrote, "Can a very serious Stock Exchange collapse produce a serious setback to industry when industrial production is for the most part in a healthy and balanced condition?" The crash in America came near the beginning of the Great Depression, a period of economic decline in the industrialized nations, and led to the institution of landmark|
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